ICICI Bank's Q2 Earnings Rise Y/Y as NII & Fee Income Increase
ICICI Bank(IBN) ZACKS·2024-10-28 23:21
ICICI Bank Ltd.'s (IBN) net income for the second quarter of fiscal 2025 (ended Sept. 30, 2024) was INR 117.5 billion ($1.4 billion), up 14.5% from the prior-year quarter. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. Results were driven by a rise in net interest income (NII), non-interest income, and growth in loans and deposits. However, higher operating expenses and provisions were the undermining factors. IBN's NII & Fee Income Improve, Expenses Rise NII grew 9.5% year over y ...